Graphite Company Comparables as of 27 / 07 / 2012, from Highest to Lowest Market Cap

 

(I have put some comments after the comparables)

 

Company                                                Shares Out              Last    Market Cap        Stage

 

Flinders Resources (TSX-V: FDR)        39.9 mil              $1.58      $63 mil         Development

Focus Metals (TSX-V: FMS)                 96.4 mil              
.65      $62.6 mil      Development

Northern Graphite (TSX-V: NGC)         46.9 mil              $1.15      $53.9 mil      Development

Energizer Resources (TSX-V: EGZ)    156.7 mil              
.29      $45.5 mil       Development

Graphite One (TSX-V: GPH)                 85.8 mil              
.145     $12.4 mil      Exploration

Zimtu Capital (TSX-V: ZC)                   11.3 mil              
.78      $8.8 mil         N/A

Zenyatta Ventures (TSX-V: ZEN)         39.6 mil              
.21       $8.3 mil        Development

Georges Platinum (CNSX: SX)            103 mil                 
.075    $7.7 mil         Exploration

Velocity Minerals (TSX.V: VLC)          29.1 mil              
.175     $5.1 mil        Exploration

Lomiko Metals (TSX-V: LMR)             66.4 mil               
.07       $4.7 mil        Exploration

Standard Graphite (TSX-V: SGH)         25.1 mil               
.175     $4.4 mil        Exploration

Greenlight Resources (TSX-V: GR)      37.9 mil                
.10       $3.79 mil     Exploration

Strike Graphite (TSX-V: SRK)              43.3 mil                
.075      $3.3 mil       Exploration

GoldCliff (TSX-V: GCN)                      89.9 mil                 
.035      $3.2 mil        Exploration

Uragold Bay (TSX-V: UBR)                169 mil                   
.015      $2.5 mil         Exploration

First Graphite (TSX-V: FGR)               20.9 mil                  
.10        $2.1 mil        Exploration

Canada Rare Earths (TSX-V: CJC)  27.2 mil                  
.07        $1.9 mil       Exploration

 Kent Exploration (TSX-V: KEX)       89.5 mil                  
.02        $1.8 mil          Exploration

Big North Capital (TSX-V: NRT)       22.5 mil                  
.075      $1.7 mil          Exploration

Soldi Ventures (TSX-V: SOV)            38 mil                     
.045      $1.7 mil          Exploration

Atocha Resources (TSX-V: ATT)       49.5 mil                  
.035      $1.7 mil          Exploration

Amseco (TSX.V: AEL)                       61 mil                      
.025      $1.5 mil         Exploration

Pinestar Gold (TSX-V: PNS)              28.2 mil                    
.05       $1.4 mil         Exploration

Caribou King (TSX-V: CKR)             44.5 mil                    
.045      $2 mil           Exploration

Cavan Ventures (TSX-V: CVN)         40 mil                       
.03        $1.2 mil        Exploration

Bravura (TSX-V: BVQ)                      11.1 mil                    
.085      $945.1 k       Exploration

Terra Firma (TSX-V: TFR)                 22.2 mil                    
.03        $665.8 k       Exploration

Logan Copper (TSX-V: LC)                55 mil                       
.01        $550.4 k       Exploration

BlackSmoker (CNSX: BSM)               20 mil                       
.02        $400 k          Exploration

 

Some Comments:

  • After the first four companies on the list, the market caps fall off considerably.
  • The number and quality of the properties of the companies vary considerably.
  • Current treasury amounts, access to capital and work commitments are important considerations - especially in today’s poor markets.

CJC is a standout, IMHO. Here’s why:

  1. Their market cap is only $1.9 mil, with only 27.2 million shares out.
  2. They gained 11 properties only 10 days ago, giving them 15 properties. They have drill-ready properties and had very good grab sample results just this past Tuesday.
  3. They have more land than any other graphite play in Quebec – and probably Canada.
  4. Brand new Management are heavy hitters, can raise money - and have well-established relations with graphite end-users in Asian Markets. This is a huge advantage.
  5. The end-users (i.e., Asian conglomerates, etc.) may decide to do a JV – giving CJC all the money needed to drill –  a jump on the competition - and greatly lessening the need for any dilution.

 

Any comments re the comparables?

 

Jim